Ready-to-move-in condos in Thailand attracting Chinese buyers
The Covid-19 pandemic has driven many Chinese nationals to speed up their relocation to Thailand, with the majority looking to buy ready-to-move-in condos.
Kashif Ansari, the CEO of Juwai IQI Group, a real estate marketing firm in China, reckons that Chinese buyers are in a rush to make their move to Thailand right away, instead of waiting for two years.
“If Chinese nationals are planning to move to Thailand, they want to do it right away, not in two years. These are the first movers.”
The Chinese government’s zero-Covid policy has been the primary driver behind this change, with buyers feeling a sense of urgency they hadn’t experienced before the pandemic.
According to Tritecha Tangmatitham, the managing director of SET-listed developer Supalai Plc, Chinese buyers resumed buying condos in Bangkok in early 2022 because of concerns about the lockdown in their home country, Bangkok Post reported.
“The Chinese bought large-sized units and wanted to transfer the units immediately as they wanted to stay right away.”
Second home
Thongchai Busrapan, the co-CEO of SET-listed developer Noble Development Plc, notes that Chinese buyers have shifted their focus from investment to buying a second home.
“Active Chinese buyers last year looked for larger-sized units as they wanted to stay as a family. “Chinese demand also moved to low-rise houses.”
Pongsethorn Jom Salakshana, the CEO of Fynn Development Co, confirms that Chinese agents are approaching the company as their customers are interested in the company’s recently completed condo project, Fynn Asoke. Read More…
